Laudrup's side have impressed in the Premier League and lifted the Capital One Cup, leading to speculation that the Dane could be a summer target for clubs including Chelsea and Real Madrid.

But Jenkins said a new contract for the manager - whose current deal expires next summer - was close to being agreed.

He said: "Personally, I have no issue about the thought of him not being here next season. I think he will be here, and he's stated he would honour his contract.

"Michael has stated before that he wants to be here next season. If you look at his career before he came here, he needed to find the right club and stability in himself as a manager.

"He needed the time to show he could work in an environment for a period of years and be successful, which is what top managers are about.

"We felt before he joined this was the right place for that, which has proved to be the case."

Jenkins said he believed it would be in Laudrup's own interests for him to remain at the Liberty Stadium, where he will be guiding Swansea in next season's Europa League thanks to their Capital One Cup win.

It is understood that Jenkins and Laudrup have already held talks about potential summer transfer targets, and the chairman said: "We have security until next summer, when his current two-year deal finishes.

"To be fair, when he came here he said clearly to me he didn't want to be a manager in 10 years and couldn't see himself being in Swansea in three or four years.

"He's said that clearly from day one, so there's no surprise there - it's nothing different.

"But with us doing well and him being a past player and a fantastic one for Real Madrid, it's natural he will be touted around.''

Laudrup's agent, Bayram Tutumlu, told Danish newspaper Ekstra Bladet that talks between Jenkins and his client were taking place "in a positive spirit".

"The club has expressed a desire to extend the deal, and Michael Laudrup is very happy to be in the club. It's really not that complicated here," he said.